Stocks Fell News Today : Breaking News, Live Updates & Top Stories | Vimarsana

question. christine romans in the money center. good morning. the federal reserve hiked short-term interest rates for the second time this year and pencilled in four total rate hikes this year up from three. the economy s doing well. most people who want jobs are finding them. unemployment is low. inflation is healthy and the fed chief jarome powell says this move will only help. we think that gradually returning interest rates to a more normal level as the economy strengthens is the best way the fed can help sustain an environment in which american households and businesses can thrive. translation, the economy is strong enough to withstand hiring borrowing cost without choking off growth. higher rates on auto loans, mortgages, credit cards and for wall street, stocks fell, two reasons higher borrowing costs could eat into corporate profits and the fact that powell now plans to hold news conferences and after every fed meeting,

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